Barclays Plc is the latest bank to forecast Hong Kong’s property prices to drop by the end of 2015. Barclays joins fellow banks UBS and Merrill Lynch’s forecasts, predicting that home prices will fall by at least 30 percent as income growth stalls and supply increases.
Bloomberg reports, Barclays analysts say the prediction is underestimated and a “negative” rating to the Hong Kong property sector has been assigned.
Aside from home prices, office prices will also drop by about 20 percent.
